Federal Reserve Expected To Raise Rates To Highest Level In 22 Years Amid Inflation Concerns‌

The United States Federal Reserve Building in Washington D.C. The Federal Reserve and the European Central Bank are expected to raise interest rates by 25 basis points. (Celal Gunes/Anadolu Agency via Getty Images)

Federal Reserve policymakers are expected to raise rates again on Wednesday to the highest level seen in 22 years.

The Federal Reserve and the European Central Bank are expected to raise interest rates by 25 basis points. However, the key focus will be whether policymakers will implement future rate hikes or plan an extended pause, Bloomberg reported.